Heidmar Maritime Holdings Corp. (NASDAQ:HMR) Short Interest Update

Heidmar Maritime Holdings Corp. (NASDAQ:HMR) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 156,852 shares, an increase of 20.0% from the March 31st total of 130,710 shares. Based on an average daily volume of 41,009 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HMR. Zacks Research lowered Heidmar Maritime from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 25th. B. Riley Financial dropped their target price on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $3.00.

Heidmar Maritime Stock Performance

NASDAQ HMR traded down $0.02 during trading on Friday, hitting $0.80. 20,579 shares of the company’s stock traded hands, compared to its average volume of 48,599. The stock has a market capitalization of $46.98 million, a price-to-earnings ratio of -2.06 and a beta of -1.35. Heidmar Maritime has a 12-month low of $0.73 and a 12-month high of $2.86. The business has a 50 day moving average of $0.87 and a 200-day moving average of $0.99.

About Heidmar Maritime

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.